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Mako Industries is considering changes in its working capital policies to improve its cash flow cycle. Mako's sales last year were $5.5 million call on

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Mako Industries is considering changes in its working capital policies to improve its cash flow cycle. Mako's sales last year were $5.5 million call on credit), and its net profit margin was 10%. Its inventory turnover was 5.0 times during the year, and its DSO was 32 days. Its annual cost of goods sold was $3.85 million. The firm had fixed assets totaling $725,000. Mako's payables deferral period is 50 days. Calculate Mako's cash conversion cycle. 68.00 days 55.00 days 67.14 days 47.14 Days

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